Jeff’s Note: Tomorrow is the big day – an opportunity to learn more about the London Gold Anomaly… how I take advantage of the market… and how you could make 30x more from this anomaly than buying gold bullion.
It involves a strategy I’ve used for more than two decades. Its success has led to over a dozen Wall Street banks pleading with me to reveal this trading strategy to them. I’ve refused.
But tomorrow, Monday, October 30, at 11 a.m. ET I’ll reveal and explain the entire process to you, so you can begin profitably trading gold stocks. The last time this happened, you could’ve made gains like 1,285% in just 48 hours.
Simply RSVP here and we’ll save you a spot!
The third time should prove to be the charm for gold.
The shiny yellow metal is pressing up against resistance near $2,000 per ounce for the third time this year. Gold was turned back the previous two times.
Now though, the setup looks explosive.
Gold could be trading much, much higher in the weeks to come.
It was just ten days ago when we last looked at gold. The metal had blasted higher, and we suggested gold needed to chop back and forth for several days in order to consolidate its recent gains.
That would give the various moving averages (MA) on the chart a chance to morph into a bullish formation – which would then support another blast higher.
That’s exactly what has happened. Look at this updated chart…
While gold has marked time over the past week, the shorter-term moving averages have crossed the 50-day MA (blue line). This is a bullish formation – similar to what happened last November and then again in March.
The price of gold rallied more than $100 per ounce within just a few weeks following those two previous “bullish crosses.” Similar action this time would have gold trading near $2,100 per ounce well before Christmas.
And, if gold is headed to $2,100, then the gold stocks are set up for a huge rally.
Look at this chart of the Gold Bugs Index (HUI)…
Back in April, when gold was trying to hold above $2,000 per ounce, the Gold Bugs Index (HUI) was trading at $280.
When gold challenged the $2,000 level again in late July, HUI was trading above $240.
Today, with gold bumping up against $2,000 for the third time this year, and with the technical setup morphing into a bullish formation, HUI is trading near $220.
In other words, the gold stocks are trading roughly 10% to 20% below where they were trading the previous times gold challenged the $2,000 level.
So, one of two things has to happen here…
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Either gold needs to decline to match the price of the gold stocks, or the gold stocks need to rally and catch up to the price of gold.
My bet is the gold stocks are set to play catch-up.
Best regards and good trading,
Jeff Clark